Session 1: Entrepreneur Relief – Tips and Traps Including Anti-Avoidance
A review of the main shareholder reliefs on selling shares in a company including a review of live examples with practical considerations. The online CPD course will also include a practical review of the anti-avoidance provision on funding an exit under section 135(3A) TCA 1997.
- Overview of Relevant Tax Reliefs
- Review of relevant reliefs on an exit from a business
- Review of relevant conditions for relief
- Case Studies
- Four case studies looking at various issues arising on meeting relief conditions
- Tax trips and tips to qualify for relief
- Anti-avoidance on funding an exit
- Overview of Section 135 TCA
- Examples of transactions when Section 135(3A) may have application
Speaker: Amanda-Jayne Comyn – Doyle Keaney Tax Advisors
Session 2: Employee Share Ownership Pools (“ESOPs”) – Tax & Commercial Considerations
Companies starting out with limited cash resources and keen to attract, motivate and retain key hires are increasingly offering remuneration in the form of shares in the company. With company valuations and cash reserves potentially at a low point, and more new businesses setting up post-COVID, the opportunity to tax efficiently pay employees with equity is of interest to employers.
This online CPD course will deal with the key tax, legal and practical issues associated with giving employees shares or share options in an employer company. We will cover the tax payment and reporting obligations of the employer company, along with key issues associated with valuing shares and options, which will be of particular concern for the accountant. The conditions of the KEEP share option scheme for SMEs was updated again in the most recent Finance Act, as an attempt to increase take up of the scheme. We will outline the new provisions and impact for SME clients.
The following topics will be covered
- This presentation sets out the key tax, legal, accounting and commercial considerations associated with giving employees remuneration in the form or shares or share options in the employer company
- We will cover various forms of share-related benefits and the tax treatment and reporting obligations for both the employer and employee
- We will set out reasons why one type of scheme would be chosen over the other
- We will outline the updated conditions of KEEP – the Key Employee Engagement Programme, which is a tax efficient share option scheme for SMEs
- We will discuss key issues to bear in mind when valuing shares issued to employees
Speaker: Laura Lynch – Laura Lynch & Associates
Session 3: Tax Planning in a Downturn
A topical reminder of some of the key tax opportunities available for you and your clients in an economic downturn. This online CPD course covers asset protection, maximisation of reduction in asset values, succession planning, how changing the FY end can avoid tax and much more.
- Tax savings from changing a company’s year end
- Profits falling out of assessment when changing a sole trade or partnership year end
- Maximising use of losses
- Cashflow management including Revenue procedures on tax deferrals
- Exiting the wage subsidy scheme
- Asset protection
- Succession planning
Speaker: Padraig Daly – Mazars
Session 4: Top Tax Appeals in 2020
This online CPD course will review some of the most topical tax appeal cases for SME accountants published in the last 6 to 12 months.
Topics covered will include:
- Review of the professional close company surcharge
- The impact of this determination on the accountancy profession
Speaker: John Murphy & Yvonne O’Sullivan – OmniPro Tax & Legal
Session 5: Brexit Complexities: Taxation of Foreign Short-Term Employees in Ireland
Accountants need to attend this session due to the extreme tax complexity of the PAYE system in Ireland when dealing with Non-Resident temporary foreign employees. This situation will become far more common place now as Brexit will be finalised and agreed upon.
Topics covered by this online CPD course will include:
- PAYE Exclusion orders
- Irish / UK Double Tax Agreement as it related o foreign employments
- Tax implications of Foreign Employees being present in Ireland for 60 days or less per annum.
- Tax implications of Foreign Employees being present in Ireland for more than 60 but less than 183 days per annum
Speaker: James Bradley
Session 6: Key VAT Issues Including COVID-19 Measures
During this online CPD course Gabrielle will review key topical VAT issues providing attendees with an understanding of the client issues they need to identify and be vigilant for.
Topics covered will include:
- Covid-19 Measures (Emergency accommodation, Zero-rating, Debt warehousing)
- Property (Surrenders of leases (new and legacy) and Options to Tax – issues)
- EU Update (Quick Fixes and E-commerce changes)
- VAT groups (Tax & Duty Manual update)
Speaker: Gabrielle Dillon – Twomey Moran
Session 7: Updates on Welfare Pension Changes
In these rapidly changing times your clients need your expertise and guidance to future-plan their qualification to the Welfare State Pension. This online CPD course will provide clarity on maintaining and/or enhancing the client’s title to the State Pension Contributory.
Topics covered will include:
- Requesting a copy of client’s Social Welfare records
- Identifying and correcting errors on the client’s Welfare records
- Options on filling previous gaps on the client record
- Explaining the use of foreign Social Security to qualify for an Irish pension
- Forecasting the client’s pension rate
- Advising on options to increase the client’s future pension rate
Speaker: Brendan Casey
Session 8: Farm Tax Issues – Critical Areas For Deliberation
The online CPD course will consist of a practical overview of farm tax issues and will be delivered by Declan McEvoy, head of tax in IFAC.
- Updates relevant to farming-land leasing/capital allowances/income averaging
- Vat on buildings as it affects the unregistered farmer not withstanding that he is not registered
- Farm structures and issues arising/to include popularity of companies and partnerships
- Capital tax issues affecting agricultural relief on dwelling houses/50% rule on solar
Speaker: Declan McEvoy – IFAC
CPD Course Facilitators
Amanda Jayne Comyn, Doyle Keaney Tax Advisors
Amanda works with Doyle Keaney Tax Advisors and is a Barrister-at-law and a Chartered Tax Advisor (CTA).
She has extensive experience in the field of tax having worked in leading legal firms and large accountancy practices, mostly recently as a tax partner with Philip Lee and prior to that as tax director with Grant Thornton.
Laura Lynch, Laura Lynch & Associates
Laura is an AITI Chartered Tax Advisor (CTA) and a Fellow of Chartered Accountants Ireland. Laura has forged strong links within the business community, building a client base across individual and corporate SMEs, professional services firms and business angel investors, with a particular interest in the MedTech sector, which is so strong in Galway.
Padraig Daly – Mazars
Padraig is a Partner with Mazars specialising in advising Irish and multinational clients on mergers and acquisitions, corporate reorganisations, personal tax planning and tax efficient financing.
In recent years, he has focused on property development and investment, during which he has advised on large residential and commercial developments, structuring investment into Ireland from abroad, public private partnerships and infrastructure projects.
John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro
As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.
A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.
John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.
Yvonne O’Sullivan: Tax Executive, OmniPro
Yvonne is a key member of our technical support team, providing advice on all tax heads in response to queries submitted through our Knowledge Hub platform. In addition, she provides support within the tax department on tax planning, restructuring and exit planning solutions for a range of clients.
A Chartered Certified Accountant, Yvonne trained and worked in small practice for a number of years followed by working for over 2 years in an independent Dublin based firm Beechwood Partners. She has experience with a range of professionals, executives, entrepreneurs and family groups assisting them with their tax compliance across all areas. She worked closely with clients providing daily practical and operational assistance with the management of their personal and business finance administration as well as assisting with the ongoing analysis and production of investment portfolio reports.
Yvonne has recently completed her final IATI Chartered Tax Adviser Exams, and plays a key role as a researcher on developing subject matter and content for our Knowledge Hub tax product.
Gabrielle Dillon – Twomey Moran
Gabrielle Dillon, a Chartered Tax Adviser (CTA), is a director of Twomey Moran a boutique taxation firm. She is a former director of VAT consultancy firm, Dermot O’Brien & Associates, which merged with Twomey Moran in March 2020.
She is the regular author of VAT Cases & VAT News in Irish Tax Review and is a member of the Irish Tax Review Editorial Board and she has lectured frequently in VAT for the Irish Tax Institute and other professional bodies. She is co-author of the Institute publication Value-Added Tax & VAT on Property.
Brendan Casey – PRSI Consultant
Brendan Casey has been practicing as a lecturer and a PRSI Consultant since retiring from the Department of Employment Affairs and Social Protection over 10 years ago.
Brendan advises on PRSI liability issues and is an expert on all of Welfare’s contributory benefit and pension schemes.
Declan McEvoy – IFAC
An AITI Chartered Tax Adviser (CTA) and Member of STEP-society of trust and estate practitioners , Declan McEvoy is Head of Tax for IFAC.
Declan has extensive experience and expertise in personal and corporate tax planning, estate and succession planning, tax based investment and financial structuring for family and farm businesses.
A leading authority on farm taxation, Declan was co-author of ‘Farming in a Limited Company – is it right for you?’
Declan is also an Irish Tax Institute Registered Tax Consultant and frequently speaks at national seminars and client workshops for professional bodies, farm organisations, banks, farm groups.